17 Burst results for "Jim Reed"
"jim reed" Discussed on Inside Supercars
"Welcome to inside tuberculosis. I'm at a very different track, a race track, but one that's got drags in it, because I'm here meeting with Peter severus. Now, Peter and I have been trying to get this together for some months, but since he became known in the paddock, Peter, welcome to inside supercars the first time. Thank you very much. Thanks for having me. It's wonderful to be here. I'm at raceway because Peter is one of those rare basin Australian. I think there's probably only ten of you, I suppose in the country, really. Races these double a fuels. They say they say there's more people that there's more astronauts in the world than tofu drivers. So yeah, it's a bit of an exclusive club. Yeah, it's been the most well-known one in Australia, obviously Jim Reed and Rochelle splat and things like that. But you've come into this category, the favorite of speed. Yeah, now I'll be drag racing for a lot of years. Probably get close to 20, really. But yeah, I suppose I've been top fuel for about 7. And I suppose when you think about it with the purchase of a supercar team, that's probably propelled it a little bit further as well. Now I've heard several times you use the expressions like a bomb going off and I can understand it. And I've watched quite a bit of drag racing more than I have in the rest of my life in recent times. I said knowing that I was going to come and talk to you at some stage. It's a pretty exciting time because you've got a good sponsor in persons and you've got a good national championship going. A number of good competitors here. Yeah, now I look at we got approached by promoter and filibuster of any Lopez. And he's a fellow behind the summer nets..
"jim reed" Discussed on Bloomberg Radio New York
"Weakening in markets but that all at once that can change especially as they actually do start reducing the balance sheet which they may do at today's meeting How concerned are you about that about an uncontrolled move in response to what the fed is doing when they actually engage with it rather than just jawbone It's certainly a risk but we don't see it We don't see the buildup and pressures like we saw in some of the past cycles The fed has always concerned when they're in their financial stability report about frothiness and some of the securities markets And some of that is already eased out It's as if you will The bubbles leaked a little bit The risk of it popping is not something that we see It's always a potential out there There might be some built up pressures but we can't find them and we don't think they're there Let me ask you financial TV one O one How can we be quiescent as Greenspan would say about bond prices coming down a little more in holding still and yields holding if the fed is raising rates along the way Those two don't match do they Well they do actually because I think the bond market does a very good job of discounting the forward path of fed actions and right now I think that probably close to the end of that So to be careful here at the I'm getting the dates up John at the September 21 meeting the bond market's going to be modeling in late 2023 That's probably right And what do you see for late 2023 I think in the short end you're probably talking two and a half two and three quarters I don't think it goes much further than that I do think that what the fed's done so far at least with the markets doing for the fed will actually start to bite in the economy I don't think that actually have to remember time that this is also an election year and one of the reasons we're talking 50 basis points in May June and July It's fortunate for the fed they've got consecutive meetings like this is that they can pull back and go on autopilot before the November elections This is the first time I can remember in history when the administration is not screaming for looser money in an election year if anything I think they're quiescent for neutral or tighter money That's historically an anomaly John I was trying to get Staples in trouble there I think I think Craig's experience enough to stand a travel to You know he killed it Rick stifles there of DWS group A question that Deutsche Bank asked given how strong consumer balance sheets are in the eyes of so many people including great Staples How sensitive is demand to write increases Because of all of that Lisa and I just wonder whether maybe that's another factor why some people think race do not actually have to go even higher I think that that's a really important point and it's not just the consumer It's also corporations that have locked in financing for so long If they don't actually have to incur those higher charges to borrow money does it really have a tightening effect on the market And this is a really important point in terms of how long we have to wait before fed policy actually makes a material dent in the U.S. economy Here's a stat for you Citi just published 1.94 job openings for every unemployment individual shows an even tighter labor market This together with a 1.4% quarter on quarter employment cost index should keep pressure on the fed to address inflation and imply a balance of risk that SKUs hawkish at today's fed meeting Later I actually saw you tweet that number this morning from Jim Reed over at Deutsche Bank two 1.94 job openings for every unemployed individual in America right now That's quite a number It's unprecedented On every level it has led some people to wonder whether that's an accurate stat in terms of actual job openings or simply those that are posted I do wonder whether that jolts report gets the fed's attention because it just highlights that we are increasing in tightness not exactly Remedying the issue Well we know the ACI gets chairman Powell's attention Don't we Yeah we do know that Yes that was what was the major point behind the pivot and not the second term No skepticism At the Federal Reserve How do you feel about your wife feel Yeah No no no I like to stay neutral on these stories Yeah you're as neutral as conviction I just don't want to give my opinion on why chairman Powell got his pivot And when he delivered his pivot It was interesting that it came around the time that he got a second term Futures are behalf of 1% on the S&P the NASDAQ up four tenths of 1% From New York this morning good morning This is Bloomberg Now the latest news from New York City and around the world here's Michael Barr Tom Lisa John good morning.
"jim reed" Discussed on The Breakdown with NLW
"The breakdown is sponsored by nexo IO, arculus, NFTX. And produced and distributed by coin desk. What's going on guys? It is Thursday, march 24th, and today we are talking about why Jerome Powell is getting even more hawkish. And asking the question is a recession the only way out. Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it wherever you listen to podcasts, give it 5 stars, leave a review, or if you want to get deeper into the conversation. Come join us in the breaker's Discord. You can find a link in the show notes or go to bit dot LY slash breakdown pod. Also a disclosure as always in addition to them being a sponsor of the show I also work with FTX. So today we are checking in on the macro environment and of course in the world that we live in, a big part of that discussion is necessarily what the fed is doing, what the fed is thinking, what the fed is thinking about thinking about in the future. In fact, we live in this very strange environment where huge, huge parts of the market hang so intensely. Not just on the actions the Federal Reserve takes to calibrate monetary policy, but the words that they use to describe where they might take monetary policy. I guess on the one hand this makes sense. Markets are forward looking and trying to glean any insight so as to get ahead of those changes. At the same time, it means that in some ways the fed's most powerful tool is the tool of self fulfilling prophecy of trying to drive markets where they want them to go without even taking the actions that would theoretically make them go there. Indeed, some like notably Jeff Snyder believe that this market influence is the primary power the fed has. With actual monetary policy being far more ineffectual than we think it to be. Folks like Jeff have a variety of reasons for that, not least of which is the Euro dollar system, and the huge volume of dollar proxies that the fed has no control over or even really visibility into to say nothing of influence on. Whatever the case is you will have well learned over the last period of Bitcoin and crypto is increasing correlation with traditional markets, the market hangs not just on every fed action, but on every Powell hint of a future action. Last week, fed officials raised their key rate from near zero to a range of 0.25 to 0.5%. They forecast that they would carry out 6 more quarter point rate hikes this year. And if you're thinking of official inflation is just under 8% in rising and we're raising interest rates at a quarter point at a time, what is this really going to do? Well, you're not the only one. In fact, much of the chatter you'll get on Bitcoin Twitter and fin twit is utter skepticism and even incredulity on how disparate the reality of inflation is versus the response of the fed. Not that it will assuage many of those voices, but this week's fed's story has definitely been Jerome Powell signaling even more hawkishness than before. In a speech on Monday he said that if necessary the fed would be open to raising rates more than the 0.25% that is standard, but instead at a half point at a time. He also said they'd be willing to do this at multiple meetings. He said they'd be willing to push rates into quote restrictive territory that would limit growth. Quote, we will take the necessary steps to ensure a return to price stability. In particular, if we conclude that it is appropriate to move more aggressively by raising the federal fund rates by more than a quarter point at a meeting or meetings, we will do so. Now again, many of you might still be scoffing at OMG up to a half point, maybe interest rates will make it to 2% when inflation is at 10%. But you should put this in some amount of recent historical context. The last time the fed increased its benchmark rate by a half point was May 2000, more than two decades ago. So this is not something that has a lot of modern fed precedent. Hilariously, the fed watchers have been super focused on micro verbiage shifts. Goldman Sachs chief economist wrote in an investor note, our best guess is that the shift in wording from steadily in January to expeditiously today is a signal that a 50 basis point rate hike is coming. We now forecast 50 basis point hikes at both the May and June meetings, followed by 25 basis point hikes at the four remaining meetings in the back half of 2022, and three quarterly hikes in 2023, Q one to Q three. Now, in part, the fed may be reacting to the market's reaction in the market skepticism of the soft landing picture they presented last week. They forecast that last week's meeting that inflation would slow to 2.7% by the end of the year, and that unemployment would fall from 3.8% to 3.5% on continued growth. Basically no one thinks this soft landing is realistic. Spend Heinrich northman trader on Twitter says the same people that told you last year that inflation would be transitory are now trying to convince you they can engineer a soft landing. Don't fall for the same parlor trick twice. They know nothing. Remember, their job is to keep confidence up. The fed will never ever tell you a recession is coming even when it's blatantly obvious. We'll come back to that recession question that big R word in just a minute. However, even the more normal part of the market is getting the message that the fed is going to have to be more aggressive. Jim Reed, Deutsche Bank's global head of thematic research wrote, it's increasingly donning on investors that this is going to be a very different hiking cycle from its predecessor back in 2015. And yesterday, fed funds futures moved to price in more than 200 basis points worth of.
"jim reed" Discussed on The Christian Science Monitor Daily
"Jim Reed, <Speech_Female> who covers the topic <Speech_Female> for the national conference <Speech_Female> of state legislatures <Silence> concurs. <Speech_Female> It's <Speech_Female> really the act of <Speech_Female> time changing that's <Silence> the problem, he says. <Speech_Male> <Speech_Female> This story was <Speech_Female> <Advertisement> reported by story <Speech_Female> <Advertisement> hinckley <SpeakerChange> for the <Music> <Advertisement> monitor. <Music> <Music> <Music> <Music> <SpeakerChange> <Speech_Music_Male> <Speech_Music_Male> <Speech_Male> When <Speech_Male> society labels different <Speech_Male> dialects as good <Speech_Male> or bad, it <Speech_Male> affects how we see <Speech_Male> ourselves and <Speech_Male> each other. <Speech_Male> Speakers of black English <Speech_Male> understand that <Speech_Male> more than most. <Speech_Male> Here's episode <Speech_Male> four of our podcast <Silence> <SpeakerChange> say that <Speech_Male> again. <Speech_Female> Vivian <Speech_Female> Nixon was in 5th <Speech_Female> grade when her teacher <Speech_Female> corrected her in front <Speech_Female> of the class for speaking <Speech_Female> black English. <Speech_Female> The incident <Speech_Female> branded in <Speech_Female> miss Nixon's mind <Speech_Female> the tension between <Speech_Female> speaking one way <Speech_Female> within her community <Speech_Female> and speaking <Speech_Female> another way publicly. <Speech_Female> <Speech_Female> She says, <Speech_Female> you're taught that one way <Speech_Female> basically is acceptable <Silence> and one <Speech_Female> is not. <Speech_Female> This dichotomy <Speech_Female> is something <Speech_Female> that many speakers <Speech_Female> of black English <Speech_Female> experience. <Speech_Female> The dialect <Speech_Female> spoken by many <Speech_Female> U.S. descendants of <Speech_Female> enslaved Africans <Speech_Female> is often <Speech_Female> perceived by others <Speech_Female> as simply a <Speech_Female> misuse of standard <Speech_Female> English. <Speech_Female> It took miss Nixon <Speech_Female> decades of <Speech_Female> trying to find her voice. <Speech_Female> By <Speech_Female> reading black artists, <Speech_Female> writing <Speech_Female> poetry in both standard <Speech_Female> English and African <Speech_Female> American vernacular <Speech_Female> and embracing <Speech_Female> her black identity <Speech_Female> <Speech_Female> before she was able to <Speech_Female> experience the richness <Speech_Male> that comes from being <Silence> true to yourself. <Speech_Female> <Speech_Female> This podcast <Speech_Female> was produced by <Speech_Female> Jessica Mendoza <Speech_Music_Female> and <SpeakerChange> Jing Don <Speech_Music_Male> <Advertisement> Peng. <Music> <Advertisement> <Music> <Music> <Music> <Speech_Music_Male> <SpeakerChange> <Speech_Music_Male> <Speech_Male> Young people <Speech_Male> are often helped <Speech_Male> by seeing depictions <Speech_Male> of their experiences <Speech_Male> on film. <Speech_Male> The latest Pixar <Speech_Male> movie turning <Speech_Male> red covers <Speech_Male> familiar ground in the <Speech_Male> exploration of identity, <Speech_Male> but <Speech_Male> also experiments with <Speech_Male> more directly addressing <Speech_Male> puberty. <Speech_Male> You can find the full <Speech_Male> review by Tyler <Speech_Male> <Advertisement> bay, at CS <Speech_Music_Male> <Advertisement> monitor dot com <Speech_Music_Male> <Advertisement> slash daily. <Speech_Telephony_Male> <Speech_Telephony_Male> <Speech_Male> Now, commentary <Speech_Male> from the monitor's editorial <Speech_Male> board about <Speech_Male> a climate friendly <Silence> pioneer in architecture. <Speech_Male> <SpeakerChange> <Speech_Male> <Speech_Male> As in many professions, <Speech_Male> architects are hunting <Speech_Male> for new ways of <Speech_Male> thinking to help solve <Speech_Male> the climate crisis. <Speech_Male> Their efforts <Speech_Male> received a boost this <Speech_Male> week after the annual <Speech_Male> pritzker prize <Speech_Male> essentially the Nobel <Speech_Male> Prize for architecture <Speech_Male> was awarded <Speech_Male> to someone who brings <Speech_Male> brilliant inspiring <Speech_Male> and game <Speech_Male> changing ways <Speech_Male> towards sustainability <Silence> and structures. <Speech_Male> He <Speech_Male> is Francis <Speech_Male> carre, the first <Speech_Male> African to win the <Speech_Male> prize and <Speech_Male> whose origin from a <Speech_Male> village accounts for his <Speech_Male> refreshing approach <Speech_Male> in a profession still <Speech_Male> famous for grand cultural icons. <Speech_Male> <Speech_Male> He knows from <Speech_Male> within that <Speech_Male> architecture is not <Speech_Male> about the object, <Speech_Male> but the objective, <Speech_Male> not the product, <Speech_Male> but the process <Speech_Male> reads the pritzker's <Speech_Male> jury citation. <Speech_Male> <Speech_Male> His early fame came <Speech_Male> in helping design a <Speech_Male> school in his village. <Speech_Male> He let the <Speech_Male> whole village participate <Speech_Male> in the design, <Speech_Male> and enlisted them to <Speech_Male> construct the gondo <Speech_Male> primary school, <Speech_Male> using local clay <Speech_Male> to make bricks <Speech_Male> mixed with cement. <Speech_Male> <Speech_Male> By starting his profession <Speech_Male> in one of the world's <Speech_Male> poorest places, <Speech_Male> he challenged the <Speech_Male> notion that climate <Speech_Male> solutions start with <Speech_Male> big institutions. <Speech_Male> <Speech_Male> We can not say that we <Speech_Music_Male>
"jim reed" Discussed on Bloomberg Radio New York
"So thanks so much for joining us I really like how Jim Reed over at Deutsche Bank phrases The push and pull that we've been witnessing He says that until the market and the fed stop leapfrogging each other in terms of interest rate expectations the market will stay volatile Say how do you judge this gap between the market and the fed Do you think for example that it can narrow once we get the dot plot in the middle of March I think once we have a bit more narrative from the sad members regarding how far the willing to go in terms of this want to be a progressive 25 basis points hike versus at 50 basis points I remember that's really the main issue It isn't the issue that they're going to hike or not We're normalized The guy normalized the issue is the case Is it going to be a very fast pace Are they going to try to play catch up with inflation Or is it going to be a case where we're going to hike and we're going to let inflation run Despite energy prices despite labor shortages it's definitely the case So I think it's the issue where we hear from the fed what Are they going to let things run hard and spatial of a slowing inflation over the next two quarters Here more conversations like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings Markets headlines and breaking news 24 hours a day As Bloomberg dot com the Bloomberg business app and at Bloomberg quick take This is a Bloomberg business flash And I'm Karen Moscow and global stocks are headed for the biggest four day rally since November of 2020 U.S. stock index futures are jumping as they kind of as companies from the U.S. to Europe report better than forecast earnings and dip buying continues in technology shares We check the markets every 15 minutes throughout the trading day on Bloomberg and right now S&P futures are up 37 points down futures up 50 NASDAQ futures up 235 SF.
"jim reed" Discussed on Bloomberg Radio New York
"Radio alongside Tom Keane and Lisa braddon I'm Jonathan Ferro Your equity market up 28 advancing 6 tenths of 1% on the S&P 500 TK you've seen the calls rate hikes for 22 race for 22 Yeah we went through it You know I've been waiting for the day to come in We've got Brazil right out I'm looking over here at the wall of information we've got in the zeitgeist You know what Brazil's going to come out with data Turkey's going to come out with data and the U.S. John is going to come out with data like at 8 30 today and we're all going to massage it and move forward John the market's up The market's up and a fair to looking forward to Thomas sang We don't know And so many other people don't know yet Lisa they are willing to say 2022 liftoff is just around a corner and some Well Jay Powell basically gave them that signal when he talked about accelerating the taper and we talked about the importance of fighting inflation This was a game changer The interesting thing is as Tom said John the market's up We're not seeing a tightening of financial conditions even as you start to see people pricing in two and even three rate hikes for 2022 The equity markets bounce for now but look at a bond market The move that we've seen in a 30 year yield over the last 12 months the optimism of Q one and then we look at Q four and roll over John I'm going to talk about here the duration You can learn a lot Everybody's short term two years where the fed is I get that You learn a lot from the 30 year and critically John through the week to 30 year has come in a little bit more to 1.77% It was a 2% one Two cups of coffee ago Tease up 30 down Lisa that curves flatter The issue to me is is a significant in terms of a recession or predictor that therefore And people say that this is typically the most reliable indicator of some sort of downturn but we are years away from that Jim Reed of Deutsche Bank was saying that typically it's 18 months after inversion and we're probably a year to away from inversion So for now does it really matter Do you think they want to hike if this is the direction of travel and that yield curve Do you think that it really matters bob Michael of JPMorgan yesterday was saying that this is just people washing out of their positions It's not actually an indication of slower growth But right now the balance of risks with inflation is perhaps necessitating them to move because otherwise the market will do it for them Yeah that's a smartest comment I hate to say this Lisa is the smartest comment I've heard today which is this idea of don't underestimate washing out of positions I think that's important Yeah and still a month ago By three or four basis points on tens yields up to one 44 Let's work through the price action Your equity market futures up 31 advances 7 tenths of 1% Equities pushing higher on the S&P 500 into the FX market Euro dollar one 1337 and in commodities crude at 1.25% Lisa 66 on WTI Man the round trip in oil has really been jarring All right today at 8 30 a.m. we get U.S. initial jobless claims The expectation is for us not to see a repeat of last week's 199,000 claims That was the lowest number of people filing for jobless benefits going back to 1969 It's expected to rise a bit But here's my key question for the Federal Reserve What is the threshold How good does the job market have to be for them to go forward versus really just focus on an inclusive labor market recovery How much is inflation really sucking the oxygen out of the room Today we're talking about oil OPEC plus is wrapping up a second day of talks talking about potential output for January The plan was to increase it Will they continue to do that given the fact that people are now worried about only crime Will they continue to do that given that the price of oil has declined by more than 20% since late October And will they do that if they know that President Biden is desperately hoping that they increase production He is still planning to release oil from the strategic petroleum reserves despite the fall in prices And then at one 40 p.m. President Biden is playing to speak unless latest steps to fight COVID-19 What's he going to say How is he going to position this He wants to get more people vaccinated He wants to tell people to be more cautious but we are exhausted People have pandemic fatigue in a real way How does he avoid a surge in the winter at a time when this really does hinge on an economic recovery that is reelection And frankly the midterm elections next year do hinge upon Lisa I'm with you I'm with you I'm more on that a little bit later More on this now Apple negative 2.3% in the quarter Great reporting from the team at Bloomberg time The company has told its component suppliers that demand for the iPhone 13 lineup has weakened this according to people familiar with the matter with Dan two 34 2.34% to one 60 ton one 60 91 I don't really wisdom on this John other than to remind on profitability and use of cash that Apple is still being modeled with 100 billion in free cash flow off the Bloomberg terminal That's like I don't even know how to grasp that John That's such a big number One 60 in the price right now 200 the call from Dan Ives wet push There's some balls out there still 201 bush It's very interestingly so to see how consumers could respond to supply constraints Not just against higher prices but just availability If you haven't got it ready I don't want to know I'm not going to buy it I wonder if we can really extrapolate out though from this apple story because part of it is that the 13 model was not that different from the 12 model and they are going to have a more updated version in 2022 So if it takes long enough people are just going to wait that extra couple of months for the next version How much is this people just getting sick of waiting for one iteration versus trying to get the upgrade Or as Matt said they just don't like it That's also true Always making up excuses for Apple but maybe Tom they just don't like the phone I'm still paying for after thoughts lost AirPod thingy The one thing that goes in your ears Apparently the kids are going back to the wide headphones Oh we are Yes we are That's a theme Yes it's a theme We are doing that That bill's got a set now We did great That's how you look cool You look cool Okay You got to have a little dinghy thing and it's got to be the right one You freshen updates with TK and Ferro That's what people tuned in for Wasn't it such a rejection to us now.
"jim reed" Discussed on BrainStuff
"But officials now have a tool that's helping to catch poachers while listening the chance that an animal has to die first. An army of taxidermied robotic wildlife has been unleashed across the country to help police and game wardens stop poachers. The robo animals are made by companies like custom robotic wildlife, which use legally acquired animal hides and robotic components to create realistic critters. With the touch of a remote controlled button, the animals move just enough to appear alive, a tail twitch or a head turn, when a poacher lines up a shot on them. At the other end of those buttons are officers hiding in the bushes or a truck, ready to arrest the poachers. Generally, the officers have gotten a tip that poachers are in the area, so they know where to place the decoys. We spoke with Brian wool's legal, owner of Wisconsin's custom robotic wildlife, who's been creating such decoys for law enforcement for 20 years. He gets requests almost every day for his animals, which range in price from about $2000 for a white tailed deer, his most popular animal to nearly 5000 for a moose. Costs include the robotics and the packaging. The prices might seem high, but also legal notes that the animals can be used for many years and take many shots before being retired. So how good are these robo animals? We also spoke with Jim Reed, the director of stewardship at the humane society wildlife land trust. He's the man in charge of its robotic decoy program, which donates robot animals to law enforcement agencies. He said, where they have been used very little, they're incredibly effective, where they've been used quite a bit, the poachers kind of get used to it. Then the game wardens have to change things up a little. That's when wolf's legal gets a call for a new animal, or one that moves in a different way. He said, every year we build something different, because the officers say, I hear the poachers say, if just the heads and tails move, don't shoot. So then we make an ear move or a leg move. I'm working on a white tailed deer right now for a federal law enforcement officer. She wants one that picks up its tail and poops. How will they manage that, you ask? Well, it's legal is trying a few techniques. He said, we got a little agar system going. I have three kids, and they just love this because I buy M and M's and they get to eat every color except the dark chocolate ones. And auger system is a conveyor system to move materials on an incline, and as for the Brown M and M's, you can probably guess what they're for. Poaching is a huge problem in the United States, and the decoys are a great help. Read with the main society says, they're very effective. They're used to target specific crimes, such as hunting from roadways, hunting out of season and shooting from a motor vehicle. The humane society wildlife land trust has donated more than 30 robotic decoys to various enforcement agencies since 2004. Reed said, in working with game wardens around the country, we came to find out these men and women don't have the resources they require to do their jobs effectively in a lot of cases. The organization plans to continue raising funds to donate even more, with the goal of eventually ending poaching. Most legal also builds robotic animals for private use. He said, I'm working on a sitting red fox for an autistic child, with a robotic head and tail. You can plug it into the wall.
"jim reed" Discussed on Rec Poker
"We're gonna speak to the one and only matt savage Three hundred plus episodes were finally excited. We got mad on the show. He's the executive director for the world poker tour among other things and so we'll get to know him a little bit. Bolivar's introduce the panel My name is steve I go by wrec poker. Stephen are poker stars home game. And i got a quote from david daniel. He said poker is a fascinating wonderful intricate adventure on the high seas of human nature of it. And i'm jim reed blustering on game and you can find out about me. And the rest of the wrecking crew year by going to wreck dot fokker slash crew. And i'm just here to say that Getting your chips in the middle is never absolutely the wrong thing to okay..
"jim reed" Discussed on Rec Poker
"Hello everybody and thanks for joining us for another week of the wreck fokker. Podcast know you're in for a treat when you're that music because i'm here with a whole panel of recreational poker wizards to share our thoughts with you from the wreck forums because it is the forums editions we. I don't know if i said this already but We're here thanks to website and running as is hotel racetrack and casino. I'm your host. Jim reed blustery in own game. And if you wanna learn more about me and all the other wizards here on the wrecking crew and beyond you can go to wreck dot poker slash crew. But like i say. I have the best job in the world. I'm only one person among many Panel why don't you introduce yourself until wreck poker nation where they can find her. Or i'm chris jones five on poker stars in twitter jen. I'm basically on the forums seal basically in the home games and wreck thinking on twitter and oh what rate jim in there again. That doesn't make any sense. John sorry so key. You gave bradtha monkey system practically everywhere and after keith alphabetically by first name. I'm kim kill ryan. I'm pat fat. Most places pretty much everywhere. Except for the hong game for fifty six and i'm rob wasserman. I'm redmond just about everywhere you can find me. I'm taylor mass at taylor. Underscore moss on twitter and gopher boy. tj 'em in the home game. High troy chapman down You can follow me on the home game as chapo australia And on jayjay. Simon and like we do here in the wreck. Golkar forums edition. Were playing against each other in the nightly home game. Just like we do every week. We're gonna take a forum post from the wrecked coker forums and talk about it here with the gang. And because we've got this super banned the super group set up we're actually gonna do a few A few hands tonight will probably break it out into a few different episodes. But we're gonna take a hand from keith. The hand from troy and maybe another one Because we love it when our premium members come and join the crew here for these recordings. I wanna take one note right now. Just welcome eric jen. Officially to the wrecking crew. This is eric first. Time on the podcast. Since he took that big step forward. Derek spin kicking butt every thursday night going forward in the play explain and learned segment. That he's been pioneering. Eric wanna talk a little bit about that. And how members and.
"jim reed" Discussed on Rec Poker
"Casino racetrack and hotel and website and out man. We're past the three hundred episode mark. Now we did it. We got another three hundred s to go next two years But we have another chats edition of the podcast which means we get to hang out with some cool people. And today we are chatting with the one and only joe stapleton. He's a poker player is a commentator. He's a comedian. You know him as states and we are going to jail with him and kinda here historian knowing where he's going with with all things poker related but let's first senator panel. My name is steve dublin. I go by wrec. Coker steve in the poker stars home game. And i've got a quote that i thought was appropriate for our guest For mocha coma mokoena. He says we can't all be comedians. Some people have to do the left. Steve my name's jim reed blessed reading in the home game. And if you wanna learn anything about me or the rest of the crew here you can go to wreck dot poker slash crew. And i didn't bring quote because i'm just excited for our guest day. I can't wait to find out a little more very nice. And so john is just jumped down here at perfect timing john. If you're ready man introduce yourself. Hello i am. John sanski poker geek everywhere. And i call the geek squad actual joan we. We've lost him but anyway. Let's johnston you guys know him poker game. In a great quote you'll share with us later but After the conversation we're going to dig into recco community. John share some of the home game results. We're gonna talk about the first wreck poker weekly tournament and running aces. We've got a road trip down to florida with run. Good all kinds of cool stuff going on. So we will touch base on that more after the conversation with joe joe steps. Welcome to the show sir. Thanks for having me..
"jim reed" Discussed on Rec Poker
"Now that is the kind of crisp audio engineering. That only comes from a professional podcast crew like we have here on the wreck poker podcast. Thanks for joining us. Everyone folks it's another week of the forums edition. I'm your host. Jim reed blustery nghien home game..
"jim reed" Discussed on Rec Poker
"Yeah these guys start chuckling when we start the steam. Use it because they get to see me just rocking here. Having a good time they know we're in for a treat because it's time for another edition of the wreck fokker podcast forums edition. I'm your host. Jim reed blessed tarini in the home game. Or you can learn about me. And the rest of the wrecking crew here by going to wreck dot poker slash crew. I'd like to thank website and and the wonderful running aces hotel race. Track and casino. So gentlemen here we are just like every week. We are playing in the nightly wreck. Fokker home game trying to steal each other's chips we're going to take a look at a forum post from the wreck poker forums. Just like we do every week and just like we do every week. Let's introduce ourselves direct booker nation to nation. And tell them where they can find us. I'm chris charan's. I'm tried by five on poker stars in twitter. And i'm done psalms ian poker game in everywhere and i'm rob wash them and i'm rab ban fifty everywhere everywhere everywhere he goes. That's where he is that who he is is the one and only rob washington great to have you back this week. Rob and john and chris. Of course i have the best job in the world so every week. We just talked about poker with the wreck boker panel tonight. We are going to take a look at post by a r a w who gets a lot of play on the show because he puts these fantastic posts out there. This is about the nose to north dakota poker tour that re we recently did a road trip tourist road trip on first road trip. Twenty twenty one. We are in live. Poker is official. And i wasn't able to make it down across the border. Unfortunately but i was very jealous. And i understand that everyone. There had a great time was nice to rub elbows with some wreck booker nation in person literally in some cases from what i understand. So dear we've got a spot where Air w our friend. Adam is Actually highlights a few hands here. And i should tell our our listeners. I'm you should just go. If you want to get more details from the forum post go to wreck dot poker and just check out. The post itself will Will mention a couple of different points here as we come along. But you'll get more out of it by going checking out the post itself so he does mention a few a few different hands here and the one that i think we wanted to talk about was where he has ten ten..
"jim reed" Discussed on NewsRadio KFBK
"Went back to flaming Gorge. What a story. I mean, um He showed, he tells it, It's just not a slam dunk over there. You've got to really work for your fish, especially the big ones, but up coconut up to £4.5. You'll want to hear that. Um, uh, Davis Lake is really going great goes. I mean, it's just good fishing up there. And, you know, a little little while back. They made a big plant of catchable Z and they were getting in the way now the number of big fish or increasing, you know, 16. 21 inches beautiful Rainbow said Gillard will tell us about Eagle Lake has slowed down just a little thermic line there where you can catch fish. If you can find that thermal client in different parts of the lake. Other parts of Lake. There's still a shallow as you know, 78 ft. It's crazy. You, um Jim Reed down to Ken Sporting Goods and Bridgeport will update a son. Not only the reservoir but the East Fork of the Walker River and the twin Lakes and Green Creek. Um All all's well, they're abbots passed Bill Reynolds Leg Alpine is having one of its best years ever. And we'll tell you about that. John Crotty up at, uh, a coil lodge, Lick Kalman Or, um It's part of the Albacore Fishing association. The community hosted veterans last weekend over 50 boaters volunteered to take veterans. I think it was over 110 veterans they took fishing and then had a huge barbecue. And then we'll tell you what they did for the school kids, the fourth graders in the entire Entire county, Plumas County. The week before that, that will that will make you feel good, and we'll get you get a report from Kurt Porter Correra, who's kind of on vacation. Up at the mouth of the Rogue River at Gold Beach. Of course, when the fishing guide goes on vacation, they go fishing and he's catching. Sammy says It's salmon fishing at the mouth of the rogue. Is very, very good, so that Chris Lawrence and will finish it up by calling in from Bodega Bay and giving us an update All that on more on the kfbk outdoor show in the next two hours and 45 minutes. Thanks for being here. Building a better Sacramento 93.1 FBK. Win tickets to see country superstar Luke Bryan on his proud to be right here to be a mess..
"jim reed" Discussed on NEWS 88.7
"A tax investigation and the American entertainer Bill Cosby has been released from jail after his conviction for sexual assault was overturned. A new study suggests that pet cats and dogs are at significant risk of catching covid 19 from their owners. Scientists in the Netherlands and Canada say people who test positive should avoid close contact with animals so they don't pass on the infection. Details. My health correspondent Jim Reed, researchers at you Tracked university ran tests on Pat's from nearly 200 households. With the previous Covid outbreak, around one in five of the cats and dogs in the study tested positive for the disease or antibodies to the virus. A separate study from Canada found that cats who sleep on their owners, beds were at particular risk of catching the virus. Scientists say the main concern is not the animal's health, but the possibility they could act as a reservoir for the disease, spreading it back into the human population. To date, though there has not been a single confirmed case of a pet owner, catching covid from a cat or dog and the overall risk to public health is seen as extremely low. Jim Reid reporting just coming up to 3 20. GMT time for the latest sports news and Paul Sarah's The men's world number one Novak Djokovic is through to the third round of Wimbledon after a straight sets win over Kevin Anderson with details of that, and the rest of the day's action is the BBC's Chris Dennis. In a repeat of the 2000 and 18 final. Djokovic dismantled Anderson in straight sets with a performance to serve himself described as almost flawless. One of the men's future stars is also through 18 year old Carlos Alcaraz dubbed the next Rafael Nadal when his first ever tour level match on grass five sets 4.5 hours his reward a meeting with the number two seed Daniel Medvedev. After the shot withdrawal of Serena Williams. In the women's draw. It was over to the 2nd and 3rd seats to restore some normality Arena Sabah Lanka and Elina Svitolina, both one, but Bianca Andrea School, the former US Open champion, lost Lizzie Corday in the men's draw, Public Arena booster Casper Ruud and John Isner. We're all heading for the airport earlier than planned. Yeah. Former world number one and two time Wimbledon champion Andy Murray beat Oscar Otter of Germany in five sets. Football and Tottenham have a new manager more than 10. Weeks after parting company with Josie Marino, the former wolf spots No, no Espirito Santo has signed a two year deal. Meanwhile, Rafael Benitez has been confirmed as the new manager of Everton. Manchester United have agreed a fee of around £73 million. That's $100 million with piracy a doorman for the transfer of England winger Jadon Sancho. Leicester City have completed the signing of Zambia forward Patteson DACA and the 11 time Canadian boxing champion Mandy Bujold will compete at this month's Olympic Games in Tokyo after winning an appeal at the Court of Arbitration for Sport, usual originally missed out on qualifying for the rearranged games because she was pregnant. Paul Sarah's with the sport. Researchers have shed new light on how wild African elephants interpret seismic activity. They found the animals fled when such activity was caused by humans. Here's Richard Hamilton. Elephants have evolved to communicate with.
"jim reed" Discussed on Bloomberg Radio New York
"Ever lower now at 1.4975%. I'm starting the day are starting the hour with four digits, Tom because this is important, and it shows the complete evaporation of inflation concern in in market chart of lower lows. I mean, there's no question about it. Just Lisa in the last 10 minutes. We've rolled over ever more and you know, you see the headline come out across the bloomer, folks. One of our red stickies are acclaimed note lines were Brazil consumer prices. I'm looking over here at the secret. Surveillance TV wall screen for those of you on radio where Brazil inflation's actually tangible. No one cares. No one cares about inflation. They all say it's transitory and the Federal Reserve will remain on hold. Remain equity investors definitely getting a boost from this saying We're back to Goldie Law. Yes, and what it makes you wonder Sort of, well where this leaves the equity markets. Right now you have the S and P 500 yesterday actually trade above its all time high second session. It's done that did not close above it, but it's still within striking distance. And of course, he had the Russell 2000 only about 16. Points away from its all time high as well. The NASDAQ still needs to do some catching up. But with real yields moving in this direction, you have to think that the next leg of this rally could be there. Maybe the president's our remaining frankly in our world. Mm. Event thing is maybe more important. And the president is this meme surge different from the last meme search? I think so, because the last meme surge was definitely about heavy short interest in folks taking advantage of that most of the stocks you're seeing here. Definitely do have short interest, but not nearly the sort of 80 90% plus 100, plus percent that we saw on Gamestop back in early January and in February. These stocks have short interest. But this is really just about people really finding, I guess a place to put their money and if they do it collectively, they can move prices They've shown they can do that, Lisa. They're doing it again this morning on a lot of names that a lot of people weren't paying attention to two weeks ago, and the larger question here is, Does it matter? Right? Is this just playing games? Is this what Ken Moelis was saying? Which is people at a craft table Having a good Time 70 80%. No, they're going to lose their money and it's all good fun. Or is this actually consequential? And I think there's an increasing number of questions Tom about the composition of major indexes about the Russell 2000 and the proportion of it that are AMC and Gamestop shares, which have rallied a lot, given the fact that there has been such a huge shift to pass investing. I want to bring on a research item, folks every some of those a report and everybody who's the dirty little secret of Wall Street folks. As everybody tries to outduel each other for the intellectual report this summer. Here's an early nominee, Mohammed al Aryan moments ago out on Twitter, notes the report I talked about two hours ago. This is David focused land out Peter Hooper and Jim Reed in London with Deutsche Bank with a lengthy report on inflation, where DFL says inflation is a time bomb. This is hugely influential whether you agree or disagree with it. I just want to note is Dr Larry in notes that this is a report that will get immediate global Wall Street Attention features up five down futures negative 11 NASDAQ Up 3/10 of a percent as well. The vics comes in a stunning statistics 16.12 and again the 10 year yield to 149. 92. That's a Excuse me. Stunning number. We get perspective from Sam Stovall. CFR a sam you What? What An odd and interesting time we are in right now. What research are you doing when you fall back? And Stovall. Fundamental research. What are you studying right now? In this craziness? Well, Good morning, Tom. I think first off. The question is, Is this the roaring 19 twenties or the beginning of the 19 seventies Because with the word, the worry the focus being on inflation, with all the stimulus being very similar to guns and butter of the 19 sixties, do we end up with a decade of elevating inflation that then has to be strangled. By a more aggressive fed. I look to the seventies and I realized that the seat year on year change in CPI started at 5.3% ended the decade at 12.4% averaging around 8%. And no wonder We had the lowest compound annual growth rate of 1.6% for that entire decade. You know, it's interesting. Lisa's We actually listened to deja vu by Crosby, Stills, Nash and Young there to the original album, which is not as good as the new remastered and Tom will sing it for you. So in about a half an hour time live on Bloomberg Television and Bloomberg Radio. There is a question, Sam. Though going forward about these inflation expectations. You're talking about every closer to the 19 seventies, the roaring twenties. We take a look at earnings expectations, and they have surged. I believe you're expecting a 60% pop in earnings per share in the second quarter. Is this potentially a cause for concern given how high expectations have gotten and given the margin pressures that are coming from higher wages, higher commodity costs. Yes. I think eventually could be because you have more and more people who are, as you had said before very willing to embrace the risk on trade. One of the indicators to look at is the relative strength between the S and P 500 high quality and low quality stocks. And right now people are focusing on low quality stocks, whether they're meme or not. So when we look to second quarter estimates about 60% gain first thought is well, that's a pretty high bar. You can only be disappointed by that. However, the bar was set at 15% in the first quarter, and we ended up eclipsing it by having first quarter gain of more than 40% in earnings. So I think with a 32% full year expectation, investors are saying that this economic expansion because a very Tight labor markets really has only room to move John Mail song in the future rather than contracting, all right, I don't have any songs. So you saw him. Come on, Keep up. I'm not trying. This is stuff show to keep up with Sam. I am curious. So when we talk about a lot of folks who had to sort of embrace some of those cyclical names on the idea here that the economy was sort of revving into sort of another gear here, at least some sort of Sustainable growth rate. And now that that, maybe, at least in question, at least in the short term here, does that take some of the bloom off the rose of some of those cyclical names, or do you sort of stay wedded to those to that sector? Will remain you bringing up a good question, because now, with interest rates coming down, we're seeing a rotation back into small caps back into technology back into growth itself, But I think that could end up being as transitory as the expectations for inflation is going back tonight. Going back to 1970. If you look to what happens in a steepening yield curve environment, its energy financials, industrials and materials in that order that tend to be out performers, which were exactly the sector rotation that we saw from the end of the last near 10% decline in September of last year through the recent high on May 7th so I think near term? Yes, we'll probably see that rotation into growth. But longer term I would stick with a rising yield curve environment. What do you do with Big Tech? I mean, come on, Sam, cut to the chase. You're right in a fancy report. You got five stars, four stars, three stars and all that. What do you do with those big tech names? Do you sell them? Do you keep them or do you buy more? I think you keep them and I think that should we end up with some sort of a swoon. Not necessarily starting in June than you use that as a buying.
"jim reed" Discussed on Bloomberg Radio New York
"New York Times John Moments ago coming out with line item on the Biden view of a $6 trillion statement for fiscal year 22 the dreaded I words their infrastructure. Hayes, the late paragraph President Bannon will propose a $6 trillion budget on Friday that would take the U. S to its high sustained levels of federal spending since World War two. We're running deficits Tom above 1.3 trillion throughout the next decade. It is our modern monetary theory. We're going to be diving into this through all the mornings. Huge nose here is we reframe the fiscal solutions of the United States, The Bank of England, John, You're more up to speed than I am talking about this moments ago in sandwiched between them the Central Bank of China, adjusting the tone on a stronger U one thing's air. The plumbing of Seems to be working this morning. Let's start with China. China coming out the PBOC, the People's Bank of China, addressing things pretty quickly, with the exchange rate the topped out a year ago. Today, we will not use the exchange rate to offset the commodity price rise. We will not use the exchange rate to boost exports, either. That's the China started the story. I just want to go to the bond market here in America. Here we are talking about $1 trillion plus deficits throughout the whole of the next decade. Here We are talking about the Federal Reserve having a conversation about pulling back on its asset purchase program. And here we are looking at a 10 year at 1 60 45, which I understand over the last 12 months is a change from where we were because we were aggressively lowered from here. But over the last decade 1 60 45 by any measure. Is exceptionally love on a 10 year yield, and we have in this conversation about stimulus. This conversation about paring back things of the Fed on was still down here and what's so important about this, folks. As we dive into this within our economics or finance investment. We get lucky French Hill from Arkansas with us in this hour. I wonder what he'll think about $6 trillion Lisa Abramowitz to some solution of John's observation and Interest rates and the some solution of Elizabeth Warren statements yesterday, too fancy bankers is the inequalities of this nation are exceptional. Well, that's why there is this increased spending that President Biden is proposing. That is one of the reasons behind it. I do want to just say that building on the point that you guys were just talking about Jim Reed of Deutsche Bank came out. And ask the question this week. When does met the Windows debt matter When debt doesn't matter? Any more of what you've seen is an increasing debt GDP ratio around the world and yields coming down Greek yields now the lowest relative to German yields, going back to 2000 and eight despite the increased their I mean, everywhere you look, you see this phenomenon, which raises the question. Whether this can persist or whether this is just a blip before we start to go to a new regime to make John round that we're not doing macroeconomics here at eight a.m., But there's got to be an end result in leakages, as usually personified, John. I would suggest to the foreign exchange market look pretty much every cycle over the last several decades has been the same. Every single recovery. We had more debt. Deputy VP continues to rise every single recovery the peak and say the Fed funds rate is that a little bit lower every single recovery, our tolerance for higher interest rates is diminished. For development kit like the United States, that is still true. Lisa. What's got to change is this belief that somehow Treasuries are treated differently? Not like a developed markets suffering that we start to get worried about repayment. Risk credit risk and clearly at 1 60 45. That's not it. Well, the feds reaction function matters here because they have been accounting for and buying up a lot of the new issuance. If they step away. Will there be the buyers to pick it up? In other words, you know to to your point. Does that change the scenario because it is the biggest deepest market or do we see the same trend that we saw in the Japanese bond market? I'm sick of the markets and they actually move here. We've been making jokes about it all morning, but Mr Biden and certainly the reporter New York Times, John. You do get a spike in futures. We were red before now we've got some legitimate Dow Jones and Dusty Loves John 126 year of the Dow Jones Industrial Average Green on the screen was sent it right that next year. 1 60 62 are tense. Find the heart by three Faces points, Tom on a 10 year, we did creep a little bit higher back through 1 60 Tom at 1, 60 45. I just say folks are booking team. They've all got crystal balls and they got sage going. You know, in the aisles here, they just are magical about getting us to the right guest at the right time end occur in there on the PBOC by chance said Right on, You know, Maria today on Real Madrid, I had tears in my eyes. She was so good right out. Peter Tchir joins us from Academy Securities on what we see in the markets. Peter. It's a question we've all been yammering about. But you're the pro. Why are yields moving? Given our fiscal stance? Our fiscal numbers? Think there's three things. One is the fact continues to buy a lot of debt, so that's offsetting it. We're seeing corporations able to defeat their pension plans, so they are net sellers of equities to buy debt. Then I think just no one really believes that either. We're going to get the fiscal stimulus that its full extent because that bipartisan feeling's gone and also, quite frankly, no one really seems to believe that inflation is going to be anything but transitory. Do you think it's going to be persistent? But right now, the market hasn't seen inflation for so long that they're downplaying that potential..
"jim reed" Discussed on WNYC 93.9 FM
"Celebrations for millions. By the end of the year. The number who had lost their lives reached 76,000 birthday to you that included medulla sour he turned 50 years old last year. She and her husband were both in the hospital with Cove it at the same time. That was the last time I saw her. She was so beautiful. You're so free. She was so beautiful. The way she was looking when she came to my life, So that's the most precious memory. I have. That was the voice off the widow of medulla sour, who died earlier this year. And in that report from Jim Reed. Why does the U K among the richer countries of the world? Have one of the very worst death rates. There's no simple answer, of course. Linda Bald professor of public health at the University of Edinburgh and an adviser on covert to the Scottish parliament. Talked me through the various factors that have exacerbated a national disaster, starting with the idea that the UK has a comparatively unhealthy population. We obviously have an older population, but we also have some of the highest rates of non communicable diseases in the world. At those include cancers, heart disease, circulatory disease, diabetes, etcetera. And some of the main risk factors for disease very different over 19 like overweight and obesity are major issues in the UK in a 28% of our adults are obese were the heaviest nation in western Europe, so Those certainly are factors which have meant that people who pick up the virus and become unwell are more likely to be hospitalized and, sadly more likely to die. We also have a health system that although fated around the world Is chronically underfunded. Is that right? That's true, and that has been the case for arguably for decades, but certainly at the past decade of austerity have had major impacts on the NHS. It is actually being worse for public health. So public health services are clearly key to responding in a pandemic on we've seen cuts successively just figures I have in front of me here for England because public health has devolved around a 25% reduction in spending per person between 2014 15 and 2019 20. So we were not in a good position when the pandemic hit. It will be awed to assume a swell, wouldn't it that Government responses to the pandemic worry relevant here when the prime minister says that we've truly done everything we could have done to stop the deaths. Do you believe him? Absolutely not. I think that there was advice that was ignored. I have sympathy for the government of the beginning of the pandemic because we knew so little. I think there's things I could have done better then, but I think there's been successive failures throughout our response to the pandemic. Give us some examples. First. One obviously was the inability to recognize that testing was going to be key and to ramp up our response to testing and, in fact to accept the offer. From many facilities who stepped up to support the government so moving away from the reliance on NHS labs and and having a more diversified approach test as Germany did all that they started from a stronger base. That's the first thing second thing is. We didn't recognize the need to protect our care homes. We could easily have done that looking at what was happening in Italy, and we paused, building up our testing, tracing support and isolate system in March, which was probably one of the worst decisions actually taken during this pandemic. The government blamed the public successively so point Into individual behavior rather than policy failures, and then we very important for me as well and for my colleagues would argue that we didn't address international travel Now, Maybe it's understandable that was not recognized early in the pandemic, but To have come out of the summer where we got infection levels to such a low base on then to say to people. But if you go on holiday on then to have new strains reimported back into the country that was I think that was catastrophic and is partially explains where we are. Now. You don't sound very surprised that we've reached the 100,000 Mark. I think it's a tragedy. It's a system failure. But I'm not surprised because we can see. Unfortunately many months and now what the trends are you you see time and time again what happens when the incidents and prevalence of the disease rises in the community? How that translates to hospitalizations? Now 30% more better survival because of treatment and medication. But still we know how that translates into death. So unfortunate. The numbers are going to continue to rise because we've baked in. Additional cases from higher levels of infection that we had during the early parts of the year will just result in more deaths. The UK is doing well on vaccination. Yes, I mean, that is that is the good thing is the scientific community in the U. K is outstanding and our approach to clinical the treatment site and also vaccination has bean fantastic and let's celebrate that we've got over 6.8 million people vaccinated with their first does and as long as supplies are maintained, so I'm very optimistic about The Rollo to the vaccine's still some questions about how long immunity will last and whether vaccines are challenged by new variants. But I think this is said one element of handling of this crisis, which so far seems to be going really well. Professor Linda Bulled. South Africa's covert problem is display disproportionately big as well. It's made worse by the country's own new, more infectious variant and a chronic lack of buying power. When it comes to vaccines, and the authorities there have joined calls for fair a global vaccine distribution. The BBC's Andrew Harding has been speaking to Professor Salim Abul Corinne. Chief scientific adviser to the South African government, and these Corona viruses are quite widely and the ability to clear two mutations is quite significant. We can expect A lot of different variants to occur, and they probably out cutting wood. Probably just not looking for them enough, and if we start looking for them, we're going to see this recurring, much more commonly. And if it's going to become more commonly, we're gonna have to ensure that our vaccines are able to neutralize them, because if they're not, that means we're back to square one. So the idea that the vaccines they're going out now could mean that this pandemic is effectively over within a matter of months. You say that's not really feasible now. I'm not saying that I'm saying that we like to get to see many new variants and that as those variants start spreading, and as we vaccinate the population, we're going to see more off there inside the able to escape immunity. And in terms just broadly off the vaccine spread around the world of the distribution. Are you concerned, So fundamentally, there's must taken belief. By some countries that they can vaccinate their populations and that they'll be safe. It simply is not true in this world that we live in with this Corona virus. No one is safe. Until everyone is safe because of these new take use, because if you vaccinate in one country and you have continual spread of the virus in another.